Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 315,450 $ 334,623
Restricted cash 4,511 5,010
Mortgage loans held for sale 2,345,927 2,368,777
Ginnie Mae loans subject to repurchase right 1,240,882 1,275,842
Accounts and interest receivable 38,227 43,390
Derivative asset 135,069 130,338
Mortgage servicing rights, net 586,717 446,998
Goodwill 62,834 62,834
Other assets 148,300 150,275
Total assets 4,877,917 4,818,087
Liabilities and stockholders’ equity    
Warehouse lines of credit 2,071,333 2,143,443
Notes payable 165,000 145,750
Ginnie Mae loans subject to repurchase right 1,241,726 1,277,026
Accounts payable and accrued expenses 43,733 41,074
Accrued compensation and benefits 75,793 106,313
Investor reserves 14,877 14,535
Income taxes payable 29,320 19,454
Contingent liabilities due to acquisitions 16,568 18,094
Derivative liability 0 38,270
Operating lease liabilities 90,530 94,891
Note due to related party 4,138 4,639
Deferred compensation plan 94,039 89,236
Deferred tax liability 132,632 89,370
Total liabilities 3,979,689 4,082,095
Commitments and contingencies (Note 13)
Stockholders’ equity    
Preferred stock, $0.01 par value; 50,000,000 shares authorized; no shares issued and outstanding 0 0
Additional paid-in capital 19,667 18,035
Retained earnings 877,961 717,357
Total stockholders’ equity 898,228 735,992
Total liabilities and stockholders’ equity 4,877,917 4,818,087
Class A Common Stock    
Stockholders’ equity    
Common stock 197 197
Class B Common Stock    
Stockholders’ equity    
Common stock $ 403 $ 403